subject
Mathematics, 27.04.2021 01:00 Sashakimora2020

Jaime needs to buy a new refrigerator for his apartment. He found what he needed for $1,300 at a well-known appliance store. The store is offering two options for Jaime to finance the appliance: Option I:
A store credit card with a $1,500 limit:
1) The credit card charges 16.5% annual interest rate.
2) The minimum monthly payment is $100 plus the monthly finance charge.
3) No down payment required
4) The loan is expected to be paid off in 12 months to avoid additional penalties.
Option II: The appliance store offers an installment loan for his purchase: 1) Loan charges a simple interest rate of 12.5%.
2) Loan must be paid off in 12 equal payments to avoid penalties. 3) A $300 down payment is required.
A. Which Option should Jaime choose if he wants the interest he pays to be as small as possible?
B. How much interest paid will he save by choosing this option?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 20:00
Axel follows these steps to divide 40 by 9: start with 40. 1. divide by 9 and write down the remainder. 2. write a zero after the remainder. 3. repeat steps 1 and 2 until you have a remainder of zero. examine his work, and then complete the statements below.
Answers: 1
question
Mathematics, 21.06.2019 20:30
Solve each quadratic equation by factoring and using the zero product property. 14x - 49 = x^2
Answers: 2
question
Mathematics, 21.06.2019 23:00
Over the course of a month, a person's weight decreases. what type of relationship is this? a. positive relationship
Answers: 3
question
Mathematics, 22.06.2019 05:00
At saturday nights football game there were 18 less fans than half the fans at friday nights game.there were "x" fans at friday's game.write an expression to represent the number of fans at saturday's game. *** urgent***
Answers: 3
You know the right answer?
Jaime needs to buy a new refrigerator for his apartment. He found what he needed for $1,300 at a wel...
Questions
question
Mathematics, 16.02.2022 22:40
Questions on the website: 13722362